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16 July 2024 | 2 replies
The idea that the very thing I enjoyed most could potentially make me financially free one day seemed to breathe life back into a confused, lost 16-year-old.For over a year, I continued to watch, listen, and read about real estate investing, as well as study to take my Michigan Real Estate License exam.
16 July 2024 | 3 replies
Study your market and your competition and try to do as well or even better.I hope this helps and wish you the best in this exciting adventure.
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16 July 2024 | 3 replies
I acquired my first investment property a few months ago and renovated the units as well as rented them out and its cash flowing well.
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16 July 2024 | 13 replies
NEVER, if you cannot find a buyer, well it's not a deal.
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17 July 2024 | 4 replies
Getting in early (like before February 15th for personals and in January for business returns) seems to be the secret the best I can tell.You get an automatic 4 month extension - but if you did not pay all the taxes owed (within 10% of what you owed by the filing deadline) you will incur a penalty for that… and if they aren’t filed by the extension date that would be another one as well.
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17 July 2024 | 10 replies
Think Chase, Wells, US Bank, Key, and Everbank - plus any regional players in your market active in the multifamily space.If you're looking for a value-add rehab / bridge loan - try both bank/cu's and private capital / hard money lenders.
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14 July 2024 | 13 replies
I still was able to take the things that I ran into for great knowledge for the next one.
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16 July 2024 | 0 replies
AI can be beneficial both for operations as well as your taxes.
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16 July 2024 | 4 replies
Based just on your DSCR calculations, it appears this property is significantly under-performing, or if it is operating well, then it is significantly over-priced.If your plan is to reposition the property, then you need a bridge loan or private loan to acquire and manage the property.
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16 July 2024 | 1 reply
@Tylah WillisI would check FB as well.